Term Agreement Definition

[PARTY A]s option. After the expiry or end of the agreement, [PARTY A] may acquire from [PARTY B] certain or all of the assets [PARTY B] used in the franchise business. A defined term should not contain ” (s)”: If defined, a defined term is either singular or plural. In the text of the contract, the singular and the plural can be used interchangeably, whether the definition is singular or plural. Among the 500 most visited websites that use sign-in-wrap agreements in September 2018[7] is the duration of the contract “at will” and can be terminated by the trader for no reason, after thirty (30) days of written termination and without penalty. Resignation for good reason. If the submitted entity informs that it knows how to obtain a clause in that agreement from a trading partner, the covered unit offers the counterparty the opportunity to heal or terminate the violation. The covered unit may terminate the agreement if the counterparty does not complete or terminate the violation within the time indicated by the insured entity. It is the general principle that must be taken into account in deciding whether and how a concept should be defined. In the interpretation of the treaty, the defined concept must be replaced by the definition of the word. Defined terms should not be included in all-capitals unless this is desirable given the language (z.B. the German language benefits from all subtantives, which may justify a full capitalization of defined terms).

In another example, do not refer to both “products” and “TVs” when they are both defined as “schedule 1 televisions.” If a defined term comes from a contract or other (related) document and applies to exactly the same definition, you are referring to that contract or document (“TV sets within the meaning of the distribution agreement”); You should not repeat that definition. All disputes related to this agreement or other agreements arising from this agreement will be settled definitively in accordance with the arbitration rules of the Dutch Arbitration Institute. As a general rule, the EULAs are effective until termination and grant the licensee a permanent right to use the Software. Agreements rarely define the respective version of the software. However, it may be preferable to grant a permanent license to a given version, to set the rights for subsequent updates and maintenance packages, and the price of those versions. not to violate or contravene these or other agreements with [PARTY A] and sometimes it may be useful to define a term when it improves the interpretation of the provision. In this case, the definition should be included in this section. Example: disputes over the purchase price. If the parties fail to agree on the fair value of the assets to make use of the call option within 30 business days of receiving the [PARTY A] notification, fair value is determined by three professionally certified appraisers, one of whom is chosen by each party, and by the two selected parties. Defined terms are only highlighted for clarity reasons.

If an article or part of a statute, regulation or other contract is referred to, write “article” or “section” (without capital).